Archive for December, 2001
Investment Property Options
in how much time capital gain fr property to be reinvested anf what r the investment options.?
Sale of residential house / Property
If you have sold your residential house property for a profit, you will get some relief on the capital gains tax payable, if you fulfill certain conditions. Following are the conditions:
1. The house that you sell must have been owned by you for at least 3 years, which means it necessarily must be a long-term asset
2. Once you sell the house, you should buy a new house within two years from the date of sale. Alternately, if you have bought a house within one year before the sale of the existing house, you will be eligible for tax relief. If you are constructing a house, then you should do so within 3 years from the date of sale
3. The cost of the new house should be at least equal to the capital gain
Capital gains bonds:
Sections 54EC provides exemptions on fulfillment of certain conditions. If you sell long-term assets and within six months, invest the sale proceeds in bonds of NHAI or REC (bonds of NABARD, NHB and SIDBI were earlier allowed but have been disallowed with effect from Finance Bill 2006), then you will get an exemption of either the invested amount or the capital gain amount, whichever is lower.
So suppose you have sold the units for Rs. 20,000, and the capital gain amounts to Rs. 12,000. If you invest the entire Rs. 20,000 in bonds as specified, your entire gain of Rs. 12,000 will be exempt. If you invest Rs. 9,000, only that much will be exempt from tax and Rs. 3,000 will be taxable.
Investor Insights Property Options
|
|
Financing Real Estate Investments For Dummies $10.07 Your practical guide to scoring cash to fuel your real estate investments Want to be a smart, successful real estate investor? This no-nonsense guide contains everything you must know to make the right choices about financing your investments — from the various options available and the impact on cash flow to the tax implications and risk factors involved. You also get tried-and-true tips… |
|
|
How to Make Money With Real Estate Options: Low-Cost, Low-Risk, High-Profit Strategies for Controlling Undervalued Property….Without the Burdens of Ownership! $13.59 Spend like a miser, profit like a mogul Who says you have to spend money to make money?Savvy real estate investors follow the examples of Donald Trump and Walt Disney, turning substantial profits on properties without incurring the debt, risk, and maintenance costs of ownership–and now, so can you! In How to Make Money with Real Estate Options, real estate expert Thomas Lucier intro… |
|
|
How to Sell a House When It’s Worth Less Than the Mortgage: Options for Underwater Homeowners and Investors $11.21 Due to the wave of refinancing in recent years, and the fall in home values, in 2009 about 12 million homeowners and investors will be “underwater”–owing more than their property is worth. This book explains all the options for these homeowners who are trapped with houses they want to get free from, people whose property value has dropped so low that they can’t sell the property, people whose mor… |
